
New Quality Management Standards: What's New for Firms' Monitoring and Remediation Processes
The newly-issued Statement on Quality Management Standards No. 1 requires firms to perform enhanced monitoring and remediation activities. Start now by learning what you need to know to be in compliance with the new standards and pass your peer review!
Format
Webcast
Date
Sep 25, 2025
NASBA Field of Study
Auditing
Level
Basic
CPE Credits
1
Instructor
Jeffrey Rapaglia, Sherry Chesser, Alan Long
Availability
3 months
Product Number
WC4749794
Boost quality management through improved processes
With an emphasis on more proactive and continual improvement, the monitoring and enforcement of quality management (QM) systems for audit and accounting practices have changed.
The revised QM standards take a proactive approach to quality management, with an increased emphasis on monitoring, remediation and improvement. Firms are now required to evaluate their system and annually conclude on its effectiveness.
Third in a four-part webcast series
This is the third webcast in a four-part series on the Auditing Standard Board's (ASB) new quality management standards. In this webcast, you'll take a deep dive into the monitoring and remediation component of the ASB's Statement on Quality Management Standards (SQMS) No. 1, A Firm's System of Quality Management.
Attendance in each webcast in this four-part series will earn you one or two CPE credits. You can participate in one or all based on your interest in the topics. Rebroadcasts are scheduled.
Key Topics
- Quality management
- Peer review
- Audits
- Remediation
- Monitoring
Learning Outcomes
- Recognize the changes to quality management standards and why they were implemented.
- Identify the changes to monitoring and remediation.
- Analyze how deficiencies are identified and learn how to evaluate their severity.
- Assess the obligation to annually evaluate and conclude on the effectiveness of the QM system.
Who Will Benefit
- CPAs
- Peer reviewers
- QM directors
- AICPA members
- Auditors
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